XRP's Bull Run: The Fight for Decentralization and Freedom as the SEC Loses Relevance

We’re launching new features for Ripple Custody, bringing bank-grade custody solutions to fintech and crypto businesses.

📶 Simplified onboarding
↔️#XRPL tokenization & DEX support
➡️ Pre-configured policy frameworks
▶️ R/T compliance monitoring
↗️ New UIhttps://t.co/gejagnouTS

— Ripple (@Ripple) October 10, 2024

Ripple Custody is  the de facto tech used by the biggest banks in the world incl. DBS, SocGen – FORGE, and BBVA. Now, we’re adding pre-configured operational & policy frameworks, additional HSM options, XRPL fungible token support and compliance services via @elliptic – bringing… https://t.co/qGYzN4dZTE

— Monica Long (@MonicaLongSF) October 10, 2024

On a day when the federal govt is getting criticized by everyone for their response to hurricane relief in North Carolina and Georgia, the social media manager in the state department thought this tweet was a good idea. https://t.co/9JCKtp5IpJ

— Wall Street Silver (@WallStreetSilv) October 5, 2024

🚨SCOOP: Bitnomial sues SEC over XRP futures, challenges agency's continued claim that XRP is a security

Crypto derivatives exchange @Bitnomial is suing the @SECGov over the agency’s claim that it has authority over its planned $XRP Futures contract.https://t.co/oN8GyanG1m

— Eleanor Terrett (@EleanorTerrett) October 11, 2024

Bitnomial Exchange, LLC has filed suit against SEC to prevent them overreaching their statutory authority and asserting joint jurisdiction over Bitnomial’s $XRP futures contracts, which are under the sole jurisdiction of the @CFTC.

Read about the complaint here:…

— Bitnomial (@Bitnomial) October 11, 2024

A new low for a renegade agency many thought couldn't sink further.

The SEC now believes it can operate above the law, ignoring a Court's ruling that XRP isn't a security.

Team Ripple will be watching closely and weighing our own options to hold the SEC accountable. https://t.co/9yMWsNHRde

— Brad Garlinghouse (@bgarlinghouse) October 11, 2024

If this were a law school blue book exam, the hypothetical scenario would be: A regulatory agency loses in court but still threatens enforcement to pressure compliance, raising major constitutional concerns and further compromising the legitimacy of the agency. https://t.co/x7D7ZjH765

— Stuart Alderoty (@s_alderoty) October 11, 2024

Ignoring a ruling by the way it said it wouldn’t challenge, and not just ignoring it but acting towards Bitnominal as if they dispute it. https://t.co/JaDngEGpUr

— bill morgan (@Belisarius2020) October 11, 2024

Are you saying that it is arguable that the Bitnominal futures contract for XRP is a security futures contract even though XRP itself is not a security because there is no ruling yet in any case on whether secondary market sales are investment contracts.

How does that make the… https://t.co/ACcNPvvSDv

— bill morgan (@Belisarius2020) October 11, 2024

Though, as you know, the Ripple court expressly held it was not addressing secondary sales of XRP, which are at issue here. Doesn't mean it's not shaky ground for the SEC (like the other exchange cases). But as you're good about reminding us, the SJ order is limited to its facts.

— Marc Fagel (@Marc_Fagel) October 11, 2024

Are you saying that it is arguable that the Bitnominal futures contract for XRP is a security futures contract even though XRP itself is not a security because there is no ruling yet in any case on whether secondary market sales are investment contracts.

How does that make the… https://t.co/ACcNPvvSDv

— bill morgan (@Belisarius2020) October 11, 2024

🚨NEW: @Tether_to co-founder @PhilGPotter donated nearly half a million dollars to the Commonwealth Unity Fund, a super PAC supporting @JohnEDeaton1 in his battle to unseat @SenWarren.

Potter joins @Ripple @cameron and @tyler in donating to CUF, which has raised over $2.5M in… pic.twitter.com/fN2KDx2lln

— Eleanor Terrett (@EleanorTerrett) October 11, 2024

🚨 BREAKING: Ripple co-founder Chris Larsen has made the first-ever documented #crypto donation in #XRP to Kamala Harris.

FEC filings show $1 million worth of XRP went to Future Forward USA, a super PAC backing Harris. Is this the start of more political crypto contributions?… pic.twitter.com/fwoNpmkMz8

— Jungle Inc Crypto News (@jungleincxrp) October 11, 2024

You have to read paragraph 34 to 36 of the complaint of Bitnominal against the SEC or you won’t believe me. SEC supported its assertion that XRP is a security by giving Bitnominal copies of its summary judgement briefs in SEC v Ripple but did not note that the court rejected the… https://t.co/pzJWaIdvVR pic.twitter.com/gIaD1j95qQ

— bill morgan (@Belisarius2020) October 11, 2024

DRW is a large, successful trading operation that has been around for over 30 years.

They have the wherewithal to fight the SEC.

DRW took @GaryGensler's invitation to "come in and register" and it backfired on them, as it has every other crypto player.

Worth a read. 👇 https://t.co/MS6lwMGjHP

— MetaLawMan (@MetaLawMan) October 11, 2024